Brokers Issue Forecasts for Keyera Corp.’s Q2 2024 Earnings (TSE:KEY)

Keyera Corp. (TSE:KEY) – Research analysts at Atb Cap Markets increased their Q2 2024 earnings per share (EPS) estimates for shares of Keyera in a research report issued to clients and investors on Tuesday, July 23rd. Atb Cap Markets analyst N. Heywood now forecasts that the company will post earnings of $0.52 per share for the quarter, up from their prior estimate of $0.44. Atb Cap Markets currently has a “Strong-Buy” rating on the stock. The consensus estimate for Keyera’s current full-year earnings is $2.18 per share.

KEY has been the subject of a number of other research reports. Wells Fargo & Company boosted their price objective on Keyera from C$34.00 to C$35.00 in a report on Friday, May 31st. BMO Capital Markets boosted their price target on Keyera from C$36.00 to C$38.00 and gave the company an “outperform” rating in a research note on Wednesday, May 15th. Citigroup increased their price objective on Keyera from C$37.00 to C$40.00 and gave the stock a “buy” rating in a research report on Thursday, May 16th. Stifel Nicolaus boosted their target price on shares of Keyera from C$39.00 to C$40.00 and gave the company a “buy” rating in a research report on Wednesday, May 15th. Finally, Jefferies Financial Group raised their price target on shares of Keyera from C$38.00 to C$39.00 and gave the stock a “buy” rating in a research report on Wednesday, May 15th. Two research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$38.82.

Keyera Stock Down 1.1 %

Shares of KEY opened at C$38.63 on Friday. The firm has a market cap of C$8.85 billion, a P/E ratio of 24.76, a price-to-earnings-growth ratio of 1.35 and a beta of 2.11. The company has a debt-to-equity ratio of 148.21, a quick ratio of 0.57 and a current ratio of 1.08. Keyera has a 52 week low of C$30.08 and a 52 week high of C$39.27. The firm’s 50-day simple moving average is C$37.17 and its 200 day simple moving average is C$35.08.

Keyera (TSE:KEY) last released its quarterly earnings data on Tuesday, May 14th. The company reported C$0.31 EPS for the quarter, missing the consensus estimate of C$0.52 by C($0.21). The company had revenue of C$1.52 billion during the quarter, compared to analyst estimates of C$1.92 billion. Keyera had a net margin of 5.26% and a return on equity of 12.77%.

Keyera Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 28th were given a dividend of $0.50 per share. The ex-dividend date was Friday, June 14th. This represents a $2.00 annualized dividend and a dividend yield of 5.18%. Keyera’s dividend payout ratio is 128.21%.

About Keyera

Keyera Corp. engages in the gathering and processing of natural gas; and transportation, storage, and marketing of natural gas liquids (NGLs) in Canada and the United States. It operates through three segments: Gathering and Processing, Liquids Infrastructure, and Marketing. The Gathering and Processing segment owns and operates raw gas gathering pipelines and processing plants, which collect and process raw natural gas, remove waste products, and separate the economic components primarily natural gas liquids; and provides gas handling and other ancillary services, such as NGL extraction, NGL handling and loading services, and condensate stabilization services.